How is the 9 percent business tax not a value added tax?
HOw is every corporate tax not a value added tax?
it’s real clear...the 999 is not added to any tax code...his approach is to gut the tax plan completely suppoerted w a 999 type transparent tax code
and why Cain screams this is not value added
If I understand it correctly, a VAT is added to the product when improvements are made to the raw materials. It will be passed along, eventually, to the computer in a rise in the wholesale cost of an item. A business tax is a tax on a business’s gross income and will be passed on the consumer, not based on the individual products, but as an across-the-board increase much like the electricity, plumbing and maintinence costs of a factory.
I could be wrong.